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Article Author: May 20th, 2014

First 2 days of trading with VOL1 Discussion

We had yesterday the first full day of trading with VOL1 and second overall including last week’s Wednesday limited trades. Besides the system tracking records – I’m keeping the event and record sheets separately so we can all run our analysis and draw the conclusion for better and for worse.

So, as most of you already know  – we have 5 Wave ZERO Beta testers. All 5 funded their accounts with either 10,000 US Dollars or Euros within 3 brokers. After Day 1 of trading which lasted a little more than 6 hours and produced 6 winning trades for 3 of the Beta testers as the other two have experienced some technical problems with Log Ins. In addition we also came to understanding that VOL1 relates to each broker as a separate entity with a single player and doesn’t relate to an overall bankroll of the Beta tester but to specific one with a single broker alternating between the brokers  separately and not with every Beta tester – problem that yet is being worked on although the most is resolved. The alternating between the brokers is resolved but VOL1 still is fixated on 10,000 units of money as described later in this article.

So, we have won 6-0 Day1 profiting 1,215 Money Units (MU) and went 15-13 on Day2 profiting another 2.295 MU. Altogether so far VOL1 has a 21-13 record with 3,510 MU profit.

Although the system is winning – there are still few things to fix:

  • VOL1 still perceives a bankroll as a round 10000$ and conducts initial trades in size of 2.5% of the bankroll. It does not check the existing bankroll after a trade and is fixated on 10000$
  • It chooses 2000$ option too often  – the criteria for 2000$ trades have to be toughened as it is a special trade.
  • Criteria for conducting the trades also has to be toughened as VOL1 conducts too many trades and if it finds it attractive – especially the meddling ones – something in making the choices needs to be rechecked. Not because the choices are not good but because it sometimes results in 4-5 consecutive losses backed by 4-5 consecutive wins taking the sting out of it’s idea on which the Money Management is based.
  • VOL1 conducts the trades with the same brokers for different traders instead of alternating not only brokers but the traders as well.
  • Transition between the trades on a same asset has to be defined in tougher terms in order to increase the ROI
The positive point besides the winning is the high turnover rate which can be valuable for those who accept the bonuses. 46,750$ has been turned over in two days of trading.
Besides solving the issues I raised above – we’re breaking our heads on few questions as we’re trying to make the system as User Friendly as possible. The questions are:
  1. Should we allow the Manual adjustment of trade sizes by the user?
  2. Should we give user a liberty to stop the automated trading by VOL1 so he can conduct Manual Trading on his own or for whatever other reasoning?
  3. Should a user have a choice what withdrawal policy to choose. For an example: if to make a withdrawal of 50% of the profits once the funds were doubled as we suggest and as MMC of VOL1 is best suited for – or  a user can choose to either leave the money in the account longer allowing VOL1 to increase the trade size and – consequently –  a trading volume? Or make a withdrawal of all the profits instead of 50% and always keep the bankroll at the same level?

Those and some more questions will be raised with an advancement in VOL1 Wave ZERO Beta testing and we would like to hear your opinion too.

In conclusion of the first two trading days with VOL1 we can proudly say that the results prove that we have a great product at our hands and with consistent progress – we will create a “monster”!

Please, all the Wave ZERO Beta testers – share with us your opinions and experiences as well as the screenshots of your balances so we can verify the numbers we have.

VOL1 performance

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